Changing Economic of Asia - Education Essay - 1499 Words

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Changing Economic of Asia - Education

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Text Preview From an early age, many of us were told that education is the key to one’s success in our life. Study hard! Do your homework! Do assessment books! Get good grades! Do more assessment books! Get first in class! Go to university! Education is our only foundation, our only future! By making education available to all, everyone has an equal opportunity to succeed in life (Jones 2012) .

In Singapore, the education system is aim to help students to discover their own talents, to make the best of these talents and realize their full potential, and to develop a passion for learning that lasts through life (Ministry of Education n.d.). The system also identifies and groom bright young students for positions of leadership. The system also stress on academic performance in grading students and granting them admission to special programs and universities. Academic grades are considered as objective measures of the student’s ability and effort, regardless of their social background. Having good academic qualifications is seen as the most important factor for the students’ career prospects in the job market, and their future economic status (Ng 2011).

Education is important and has multiple objectives and the relative meaning of each of these objectives can be very individual. The various importances are a result of the various economic, social, spiritual, cultural, and political realities of our individual lives. Although human capital includes education, health and other aspects of social capital, the main focus of this report is on education.

Education and other areas of human capital is important to economic growth because more educated individuals tend to have higher employment rate and earnings and produce more output relative to those who are less educated (Dowling and Valenzuela 2010). Education is considered as a positive investment that allows individuals to be equipped with knowledge and skills that can improve their employability and... Show More

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